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Monday August 18, 2008

News

Musharraf announces resignation

Pakistan President Pervez Musharraf, facing impeachment, has announced that he will resign. Musharraf, who insists he is innocent, has been under pressure to leave office after the leaders of Pakistan's ruling coalition government revealed plans to impeach him 12 days ago. The charges against him include violation of the constitution... [continued]

Five die as two planes collide in mid-air

Five people were killed when a light aircraft collided mid-air with a microlight near Coventry airport on Sunday morning. The male pilot of a twin-engined Cessna 402 died, along with his three passengers - a man and two women - when the plane crashed in dense woodland. According to emergency... [continued]

 

Doubts over Russian promise

Western powers have toughened their stance on Russia, with French President Nicolas Sarkozy - who brokered the ceasefire agreed by Russia and Georgia - warning of "serious consequences" if Moscow does not finally honour its pledge to withdraw troops from Georgia. The United States and Germany also... [continued]

British rockets kill four Afghans

British rocket fire has killed four civilians, including two children, in Afghanistan, the Ministry of Defence said last night. The rocket attack by the 2nd Battalion of the Parachute Regiment, occurred on Saturday in Helmand province, in southern Afghanistan. The MoD said that British troops intercepted a radio... [continued]

Tropical Storm Fay Florida-bound

Tropical Storm Fay has sparked an oil price rise in Asia amid concerns that the sixth storm of the 2008 Atlantic hurricane season could disrupt oil operations in the Gulf of Mexico. Fay, which killed five people in the Dominican Republic and Haiti over the weekend, is expected to strengthen... [continued]

Obama and McCain appear on stage

Presidential rivals John McCain and Barack Obama appeared together for the first time this week, sharing the stage for around 10 seconds at an influential evangelical 'mega-church' a few miles south of Disneyland in California's Orange county. The two candidates - who shook hands and then hugged awkwardly - appeared... [continued]

Business news

Slump threatens 300,000 jobs

Up to 300,000 people could lose their jobs by 2011 thanks to an economic slump, the British Chambers of Commerce has predicted. The BCC, which is the first business group to forecast that Britain would fall into recession, added that total unemployment could be pushed upwards of two million.... [continued]

Woolworths freezes out Iceland bid

Struggling retail chain Woolworths has risked the wrath of its shareholders by rejecting a takeover approach by Malcolm Walker, the founder of the Iceland frozen food chain. Woolworths chairman Richard North called Walker's bid, which values the stores at "a few tens of millions" as unacceptable, insisting he has the... [continued]

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